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Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (2237)	8/8/2000 2:02:42 PM
From: Amit Ghate	Read Replies (1) \| Respond to of 4155

Congratulations O Prescient One: MOODY'S DOWNGRADES RATINGS OF CONSECO AND AFFILIATES (SENIOR DEBT TO B1); RATINGS REMAIN ON REVIEW FOR POSSIBLE DOWNGRADE moodys.com

To: Mr. Pink who wrote (2237)	8/8/2000 2:09:24 PM
From: Kevin Podsiadlik	Read Replies (3) \| Respond to of 4155

Bet this doesn't make Tuna's daily update tomorrow. MOODY'S DOWNGRADES RATINGS OF CONSECO AND AFFILIATES (SENIOR DEBT TO B1); RATINGS REMAIN ON REVIEW FOR POSSIBLE DOWNGRADE "Bonds which are rated B generally lack characteristics of the desirable investment. Assurance of interest and principal payments or of maintenance of other terms of the contract over any long period of time may be small. " Conseco, Inc. -- senior debt rating to B1 from Ba3; prospective senior debt shelf rating to (P) B1 from (P) Ba3; senior subordinated debt shelf rating to (P) B3 from (P) B1; junior subordinated debt shelf rating to (P) Caa2 from (P) B3; Bonds that are rated Caa are of poor standing. Such issues may be in default or there may be present elements of danger with respect to principal or interest. subordinated deferrable debenture rating to B3 from B1; junior subordinated deferrable debenture rating to Caa2 from B3; preferred stock rating to "caa" from "b3"; prospective preferred stock shelf rating to (P) "caa" from (P) "b3"; An issue which is rated "caa" is likely to be in arrears on dividend payments. This rating designation does not purport to indicate the future status of payments. and prospective noncumulative preferred stock shelf rating to (P) "ca" from (P) "caa"; An issue which is rated "ca" is speculative in a high degree and is likely to be in arrears on dividends with little likelihood of eventual payments. Conseco Financing Trusts I, II, III, IV, V, VI, and VII -- preferred stock ratings to "caa" from "b3"; Conseco Financing Trusts IV,V,VI, VII, VIII, IX and X -- prospective preferred stock shelf ratings to (P) "caa" from (P) "b3". Conseco Annuity Assurance Company -- insurance financial strength rating to Ba1 from Baa3; Insurance companies rated Ba offer questionable financial security. Often the ability of these companies to meet policyholder obligations may be very moderate and thereby not well safeguarded in the future. Bankers Life and Casualty Company -- insurance financial strength rating to Baa3 from Baa2; Conseco Variable Insurance Company -- insurance financial strength rating to Ba1 from Baa3; Conseco Senior Health Insurance Company -- insurance financial strength rating to Ba1 from Baa3; Conseco Health Insurance Company -- insurance financial strength rating to Ba1 from Baa3; Conseco Direct Life Insurance Company -- insurance financial strength rating to Ba1 from Baa3; Conseco Life Insurance Company -- insurance financial strength rating to Ba1 from Baa3; Washington National Insurance Company -- insurance financial strength rating to Ba1 from Baa3.